3 FORSYTH Street, Marmora and Lake, ON K0K 2M0

Marmora and Lake K0K 2M0 Ontario

MLS: X12558842

$299,900

Added 2 hours ago | For Sale

Listed by: CENTURY 21 LANTHORN REAL ESTATE LTD.

About Property

Investment/Development Opportunity 4 Residential Units + 1 Commercial (Convertible to Residential)Excellent opportunity to redevelop a multi-unit property with significant work already completed. Features 4 residential units plus 1 commercial unit, which has the potential to be converted to a 5th residential unit. The building has been fully gutted and is in broom swept condition with a new steel roof and new electrical panels for all 5 units already installed. Seller's plans are available. With converting to 5 residential units, this project is an ideal candidate for CMHC MLI Select financing, offering strong potential for long term cash flow once completed. Ready for the next owner to take it across the finish line.

Features

  • House Style:Investment
  • Bathrooms:
  • Land Size: 73.75 X 132.5
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:
  • Cross Street:Forsyth St., Marmora see property on the west side
  • Basement: ,
  • Possession Date:Flexible
  • Annual Property taxes: $2265
  • Bedrooms:
  • Total Parking Spaces:1
  • Parking Places:1
  • Heating Type:None
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X12558842

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